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Plato's Closet - Jacksonville, Florida

High Performing, High Upside Plato's Closet location

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asking price
$
825,000
gross sales
$
1,095,000
cash flow
$
N/A
employees: 
N/A
founded: 
2010

POTENTIAL MULTI-UNIT OPPORTUNITY

Upon opening in February of 2010, the Avenues store was an instant success in a much smaller footprint and has continued to be a top performer in the Region and Nation. In February of 2015 the store was relocated to a space that was over 50% larger, has excellent visibility from the street, the opportunity to get more inventory to the sales floor which allowed for continued sales growth.

This is one of three stores in the Jacksonville, FL market and is part of an exit/retirement strategy for the seller. This is potentially a multi-unit transaction for a properly capitalized and operationally capable candidate.

The store is located in the end cap anchor of the Avenues South Shopping Center. The store is 5,500 total sq ft with approximately 4800 sq ft selling. There are 3 registers and checkout stations (pre-wired for a 4th), 6 fitting rooms and a large office/break room. The center offers plenty of well-lit parking and has gone through renovations within the past 12 months. This location is highly visible from Philips Highway/US 1 and conveniently situated one block north of the I-295 exit. In addition University of North Florida campus with an enrollment of nearly 16,000 students is close providing an excellent target market.

Current owner is selling as they wish to retire.


At A Glance
Founded: 1998
Locations: 479
Initial Investment: 251K -390K
Headquarters: Minneapolis, MN
Plato's Closet

As the established leader in the teen resale-retail space, Plato’s Closet offers gently-used, brand-name apparel and accessories to both girls and guys at a fraction of the retail cost. With over 475 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space. Plato’s Closet was ranked the #1 Retail Franchise Investment in the $150,000 - $500,000 range by Forbes for the last two years and has been #1 in it's category in Entrepreneur's Franchise 500 on an annual basis. The system widinteriore sales average across more than 475 stores is over $1M.

The business and financial model for this brand is unparalleled. If there’s one constant with the teen to twenty-something demographic it’s change. While changing hair color, profile pics, musical tastes and other interests are common, nothing requires more attention than their ever changing fashion needs! The exciting part about this group is they spend money to stay on top of the latest trends – to the tune of about $50 Billion annually plus another $170 Billion that others spend on them!


123
Jacksonville, Florida 123
United States
First name *

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Send me more information from these Trusted Sources:

Benetrends FinancialFunding your business. Fueling your growth.

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Live Oak BankGet Funding from our trusted financial partners




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